Chapin Davis Inc. Buys 133 Shares of Duke Energy Co. (NYSE:DUK)

Chapin Davis Inc. increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,675 shares of the utilities provider’s stock after purchasing an additional 133 shares during the period. Chapin Davis Inc.’s holdings in Duke Energy were worth $742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC boosted its stake in shares of Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares in the last quarter. Howard Wealth Management LLC purchased a new position in shares of Duke Energy during the fourth quarter worth $219,000. Dynamic Advisor Solutions LLC grew its position in Duke Energy by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares during the period. Western Pacific Wealth Management LP grew its position in Duke Energy by 39.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock valued at $226,000 after buying an additional 657 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Duke Energy by 3.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock valued at $42,084,000 after buying an additional 13,406 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,695 shares of company stock worth $2,750,815. Company insiders own 0.14% of the company’s stock.

Duke Energy Trading Up 0.8 %

Shares of DUK stock traded up $0.81 during trading hours on Monday, hitting $101.04. 124,027 shares of the company were exchanged, compared to its average volume of 2,929,049. The firm has a market cap of $77.98 billion, a PE ratio of 25.18, a PEG ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $104.87. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average of $101.37 and a 200 day moving average of $97.44.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a dividend of $1.025 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 annualized dividend and a dividend yield of 4.06%. Duke Energy’s payout ratio is currently 103.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. KeyCorp upped their target price on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Scotiabank cut their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Mizuho increased their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Morgan Stanley lowered their price objective on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $102.33.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.